Category: Bitcoin

Bitcoin was created by a person (or group of people) called Satoshi Nakamoto in 2009 when the first ever cryptocurrency whitepaper was released. It is a novel new technology which is a completely decentralized method to transact digitally.

Bitcoin is open source and uses cryptography and a new peer-to-peer technology called the blockchain to keep a transparent ledger of all transactions which have ever taken place on the network.

The network is secured in a decentralized manner in a process called mining. Miners confirm all transactions on the network and in the process they are rewarded for the mathematical work they have contributed, this is how new Bitcoin comes into circulation.

It is a trustless system and no bank or trusted 3rd party is required to ensure the validity of any given transaction. This technology is what has caused a groundbreaking wave of new cryptocurrencies and innovations.

Stay up to date with the latest Bitcoin news in South Africa and globally, we provide in-depth analysis as well as trading information and market prices.

Now that we’ve started a new year, many of us might probably be wondering whether Bitcoin is “still a thing” both in South Africa and other parts of the world and whether what could be purchased with bitcoin in these past few…

The lightning network (LN), the ultimate scaling solution for Bitcoin (BTC) keeps growing at very fast rates. There have been several developments around it and the network capacity continues to grow. Lightning Network Grows Fast Since very long time, Bitcoin developers are working…

On August the 3rd, the Intercontinental Exchange (ICE), a very important operator of global exchanges, announced that it is planning to create the company Bakkt, with the intention to create a regulated and global ecosystem for digital assets. In order to do…

The internet has been revolutionizing multiple areas of the economy and Bitcoin is the revolution in currency made possible by the fast-growing internet. Bitcoin is the digital currency which is created and held electronically and is the first successful digital coin that…

BitPay is a crypto payment processor, which operates on a global scale. They have been granted BitLicense by the financial regulator of the New York state. This is as per the press release that has been shared on July 16th by Cointelegraph. This is a…

If you have been wondering how to give your small business an edge over the competition, perhaps now is the time to consider cryptocurrency adoption. Cryptocurrencies, such as Bitcoin, are completely digital forms of currency now used by Microsoft, Dell, Amazon, Tesla, Subway,…

The FIFA World Cup just ended with a new champion, but also with R14 billion ($1.5 Billion dollars) accumulated on a gambling ring that was actually a pyramid scheme. The information has been first released by the South China Morning Post. They…

There have been several rumors regarding Bitcoin and its price. Was it manipulated as some regulatory agencies around the world are pointing? Well, according to a study conducted by researchers at the University of Texas at Austin, Tether (USDT) manipulated Bitcoin prices.…

We have all heard about the Swiss city of Zug, which is the crypto valley of Switzerland. There, blockchain enterprises, cryptocurrency-related start-ups, and mining companies have their operations and are trying to prosper. We can also mention that the public transport can…

The simplest definition of Bitcoin is “Bitcoin is money”. Yes, Bitcoin is the money of the present generation and of the future generation. Well in the history several objects have been used to carry out transactions. Like in the past, barter system…